66586
Autoparts Makers Valeo Moves into AI
Autoparts Makers Valeo Moves into AI

Autoparts Makers Valeo Moves into AI

Autoparts Makers Valeo Moves into AI

Valeo, famous for making car auto parts like windscreen wipers and brake pads, will open a research center for artificial intelligence and “deep learning” with the aim of developing technologies that can be applied to autonomous vehicles.

Technical expertise required to develop autonomous vehicles has pushed automakers and suppliers into new alliances and collaborations both inside and outside the industry, Automotive News Europe reported.

The center, called Valeo.ai, will be based in Paris and have 100 researchers by the end of 2018. It will draw on connections to the academic world, the startup community and the company’s own research and development centers.

“Our goal is to create a first-class research center that partners with the world’s best laboratories in the field and actively contributes to the development of applications for the car of the future,” Valeo CEO Jacques Aschenbroich said in a press release.

Valeo.ai will focus on algorithms, infrastructure, learning processes and simulation as applied to artificial intelligence.

So-called deep learning is an approach to artificial intelligence in which data is fed to a machine so that it can analyze and adapt to new situations. The idea is to try to replicate the learning and thinking functions of the human brain. It can help self-driving vehicles recognize objects and decide what actions to take.

Valeo has become a major supplier of autonomous driving systems through a partnership with Intel.

This year Valeo bought the German startup Gestigon, which develops 3D processing software, and it has taken a stake in Nayva, a French company that makes autonomous shuttle buses. Valeo’s North American subsidiary has won approval in California for on-road autonomous-vehicle testing.

Aschenbroich cited autonomous-driving technology as a key driver in Valeo’s growth.

The company’s sales were up 22% in the first quarter over the same period last year. Valeo ranks No. 11 on the Automotive News Europe list of the top 100 global suppliers, with worldwide original-equipment automotive parts sales of $16.08 billion in 2015.

Short URL : https://goo.gl/bT6gzQ
  1. https://goo.gl/4hEQCk
  • https://goo.gl/VQhiQu
  • https://goo.gl/Q76qUF
  • https://goo.gl/GEvKDp
  • https://goo.gl/amX6f1

You can also read ...

Italian investment companies remain active in Iran, despite...
Iranian Insurance Firms' Premium Income Exceeds $1.2b in H1 (Mar-Sep 2018)
Iran insurance industry earned 183 trillion rials ($1.28...
Iran, India Leading Global Ammonia Capacity Growth
Iran and India will continue to lead the global ammonia market...
Iran Auto Industry Hither and Thither
Over the past few days, Iran’s beleaguered auto industry has...
Iran-Russia Non-Oil Trade Sees Over 80 Percent Hike (September 2018)
Iran traded 956,662 tons of non-oil commodities worth close to...
US Sanctions Against Iran Ridicule Int'l Norms
Foreign Ministry Spokesman Bahram Qasemi on Wednesday...
First-Timers Constitute 20% of Tehran Homebuyers
First-time homebuyers have accounted for a 20% share of total...
Iran's Exports Via Land Borders Up 17%, Imports Down 8% (Mar-Sep 2018)
Some 3.71 million tons of oil and non-oil commodities were...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus